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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule Of Lease Information



 

 

 



 

As of



 

September 30,



 

2019

Operating Lease Asset

 

$

22,372 

Operating Lease Liability

 

 

23,542 

Weighted Average Lease Term (in years) (1)

 

 

3.9 

Weighted Average Discount Rate (2)

 

 

5.30% 



(1)

Our weighted average lease term excludes one real estate lease that expires in May 2056.

(2)

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future lease payments.  To estimate incremental borrowing rates, we consider various factors, including the rates applicable to our recently issued debt and credit facilities and prevailing financial market conditions. We used the incremental borrowing rate as of January 1, 2019 for operating leases that commenced prior to that date.



Schedule Of Lease Costs



 

 

 

 

 

 



 

For the Three Months Ended

 

For the Nine Months Ended



 

September 30,

 

September 30,



 

2019

 

2019

Fixed rental costs

 

$

1,814 

 

$

5,709 

Short-term lease cost

 

 

1,330 

 

 

3,632 

Variable lease cost

 

 

606 

 

 

1,854 

Total operating lease costs

 

$

3,750 

 

$

11,195 



 

 

 

 

 

 



Schedule Of Maturity Of Operating Lease Liabilities



 

 

 

As of September 30,

 

Operating Leases

2019

  

$

6,237 

2020

  

 

5,374 

2021

  

 

4,462 

2022

  

 

3,903 

2023

 

 

1,630 

After 2023

  

 

11,826 

Total lease payments

  

$

33,432 

Less: Interest

 

 

9,890 

Present value of operating lease liabilities

 

$

23,542